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Friday, 21 May 2021 10:26 PM MYT
Datuk Seri Bung Moktar Radin arrives at the Kuala Lumpur High Court May 21, 2021. Picture by Yusof Mat Isa
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KUALA LUMPUR, May 21 The Sessions Court was today told that Datuk Seri Bung Moktar Radin had submitted an application letter from the Federal Land Consolidation and Rehabilitation Authority (Felcra) Berhad to invest RM150 million in the Public Mutual unit trust whereas the Felcra Board of Directors only agreed to invest RM50 million.
Former Treasury deputy secretary-general for investments Datuk Seri Mohmad Isa Hussain, 61, said that during the board’s meeting on November 24, 2014, which he, Bung Moktar and several other members attended, it was agreed that RM50 million would be invested in the unit trust.